Last week transport secretary Patrick Mcloughlin announced that Network Rail's £38.5 billion modernisation plan for Britain's railways has been postponed. This underscores the government's intentions of yet more savage cuts in public spending.

RAILTRACK'S DEMISE was a fitting end to its whole shameful history of sleaze, incompetence and worst of all accidents which killed and injured many passengers and rail workers, writes Bill Mullins, Socialist Party national industrial organiser.

WITH THE sensitivity of a pair of large hobnailed boots, Railtrack bosses awarded themselves and their fellow fat cat shareholders a 5% rise in dividend payouts amounting to £50 million - the fourth consecutive year's increase in dividends since privatisation...